Mortgage activity in the U.S. dropped by 3 percent and refinancing activity dropped by 5 percent as interest rates rose on long-term loans, the Mortgage Bankers Association said Wednesday.
Fannie Mae has released its latest
ranking of mortgage servicers based on foreclosure avoidance, liquidation efficiency and how they move seriously delinquent
borrowers out of 90-day delinquency.
The S&P/Case-Shiller report showed home prices headed higher in June in all 20 monitored markets, but some gains slowed, Standard & Poor's said Tuesday.
The Washington State Department of Financial Institutions issued a statement of charges against Nationwide Biweekly
Sales of existing U.S. homes rose 6.5 percent from June and prices are up 13.7 year over year, the National
Association of Realtors said Wednesday.
Average U.S. mortgage rates for long-term loans were little changed in the week
ending Thursday, the Federal Home Loan Mortgage Corp. said.
U.S. mortgage originator
fees are averaging 8 percent more this year than in 2012, according to a new report on closing costs.
Home prices in Southern California soared a record 28.3 percent in
June from a year earlier, as buyers bought more expensive properties,
foreclosure sales continued to fall and inventory remained tight.
California housing prices increased by more than 30 percent in June,
with inventory rising in an encouraging sign for the
Jobs in real estate finance were up from a month earlier, when the total was an
upwardly revised 293,000 people in the business.
Mortgage activity declined sharply last week as interest rates hit a two-year
peak, the Mortgage Bankers Association said Wednesday.
Mortgage rates ticked down this week following last week's big jump,
but are still much higher than a year ago, Freddie Mac reported Wednesday.
New business at the Federal Home Loan Mortgage
Corp. fell to the lowest level this year, but delinquency, already at a four-year low, improved.
Mortgage rates fell this week for the first time in seven weeks,
Freddie Mac reported Thursday, with the a 30-year fixed averaging just under 4 percent.
More U.S. home builders viewed business conditions favorably than unfavorably
for the first time in more than seven years in June, a trade group said.